The CoreWriter contract will allow HyperEVM DeFi functions to straight work together with Hyperliquid’s perpetuals alternate, Hypercore.
The Hyperliquid neighborhood is buzzing forward of the discharge of the CoreWriter contract, which is confirmed to launch with the following mainnet community improve, anticipated on July 5. The contract will allow HyperEVM dApps to straight execute transactions on Hyperliquid’s perpetuals alternate, Hypercore.
The improve was confirmed by Hyperliquid founder Jeff Yan within the challenge’s official Discord on July 2, with HYPE buying and selling just under $38 on the time. The token rallied by virtually 7% after the announcement and is presently buying and selling at $40.5, with a market capitalization of $13.5 billion.
CoreWriter is a pivotal improve for Hyperliquid, enabling safe, programmable, and truthful cross-layer operations between HyperEVM and HyperCore. It unlocks superior DeFi options, resembling native liquid staking, and enhances developer flexibility.
The CoreWriter rollout will allow new DeFi protocols to experiment with HyperCore integration, and one specifically that’s garnering consideration is Kinetiq, a liquid staking protocol.
Kinetiq shall be a HyperCore-integrated liquid staking system, that includes an autonomous validator scoring and stake distribution mechanism that’s extremely anticipated by ecosystem individuals.
Forward of its launch, Kinetiq additionally introduced iHYPE, its Kinetiq-staked HYPE, which is catered to institutional companions resembling Flowdesk and IMC Buying and selling.
In a earlier interview with The Defiant, a contributor at Felix Protocol generally known as Charlie mentioned, “Expecting substantial unlocks on the market side when write precompiles [now known as CoreWriter Contract] go live and HyperEVM protocols can integrate much more closely with HyperCore. This should enable a bit more of the HyperEVM realization of being a vehicle for trader optimization on HL.”
